SJVN Signed MOU With IBN For Execution Of 679 MW Lower Arun Hydroelectric Project

SJVN and Nepal 's Investment Board ( IBN ), the mid- 679 MW Lower Arun hydroelectric project, the development of the to deal Memorandum ( MOU ) today in Kathmandu, Nepal, in the signature are the are. Mr. Nand Lal Sharma, Chairman and Managing Director, SJVN on Memorandum of Understanding And Mr. Sushil kiln, CEO, IBN by signing the incoming.

Memorandum of Understanding on signing Nepal of the Honorable Deputy Prime Minister, Mr. Bishnu Prasad Poudel of Nepal in India of HE Ambassador, Mr. Vinay Mohan Kwatra of dignified presence in the incoming. The opportunity to CEO Sapeedisi, Mr. Arun Dhiman and CFO, Sapeedisi, Mr. Jitendra Yadav The well of Nepal government and SJVN the other senior officials also attended were.

Mr. Nand Lal Sharma has said that SJVN Ltd has international competitive bidding ( ICB ) is through the 679 MW Lower Arun hydroelectric project to get done that, had the quote other major companies also participated. Lower Arun hydro power project in Nepal 's Sankhuwasabha and Bhojpur districts in the heart is. this The project has a reservoir or dam does not need , and it is 900 MW Arun 3 hydropower project, the tail race development will be. This project has four Francis type of turbine will be. Project complete when the per year, 2970 million units of electricity to produce it. Construction activities began when The following project for four years in full to the target set was that. This project SJVN the boot (BOOT) basis over 25 years of to allocate the went to.

Mr. Sharma said SJVN the Lower Arun hydroelectric project is for the developer to form in selecting SJVN of capabilities and competencies in confidence made to the to Nepal Government of gratitude have been. They India and abroad in SJVN of all efforts in support to the for Power Ministry, also thanked the Government of India. He further said that SJVN the 900 MW Arun -3 project the execution of the order agreement memorandum to sign by year 2008 in Nepal in its journey beginning of this month. Project construction activities started in the year 2018 by Honorable Prime Minister of India, Shri Narendra Modi and Honorable Prime Minister of Nepal, Mr. K.P. Sharma Oli jointly laid the foundation stone of the project. The active cooperation and support of IBN and the Government of Nepal continues to be received in the execution of this project.

Shri Sharma further informed that 900 MW Arun-3 Hydroelectric Project has achieved significant progress in the last three years despite the global pandemic of COVID-19 and the construction activities of the project are in full swing. SJVN has already implemented an accelerated plan to minimize any delays due to the pandemic and is committed to early commissioning of the project. He also emphasized that it would not have been possible to achieve such progress without the continued support of the IBN and the Government of Nepal.

Shri Nand Lal Sharma stressed that hydropower should be developed with integrated river basin development approach for economic viability and to promote infrastructure development. This approach will result in optimum utilization of resources and faster completion of projects at lower cost. He requested the Government of Nepal to provide more opportunities to SJVN in partnership with the Government to harness hydropower in Nepal.

The current installed capacity of SJVN 2016.51 MW and in 2023 to 5000 MW 2030 to 12,000 MW and in 2040 to 25,000 target to become MW company. SJVN has presence in various sectors of power generation, which include hydro, wind, solar and thermal power. The company also has presence in the field of energy transmission.